Levi Strauss & Co. Prices Private Placement of Senior Notes

April 20, 2015 03:50 PM Eastern Daylight Time

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. announced today the pricing of $500 million of its
5.0% senior notes due 2025 in a private placement conducted pursuant to
Rule 144A and Regulation S under the Securities Act of 1933, as amended.
The sale of the notes is expected to close on April 27, 2015.

The company intends to use the net proceeds from the offering, together
with cash on hand and borrowings under its amended and restated senior
secured revolving credit facility, or any combination thereof, to
purchase its 7 % senior notes due 2020, to pay fees and expenses related
to the offering and the purchase of such outstanding notes, and for
general corporate purposes, which may include repaying other outstanding
indebtedness.

The notes have not been registered under the Securities Act of 1933, as
amended, or any state securities laws, and unless so registered, may not
be offered or sold in the United States, except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. Statements
in this press release regarding the private offering of debt securities
shall not constitute an offer to sell or a solicitation of an offer to
buy any such securities.

Forward Looking Statements

This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.We
have based these forward-looking statements on our current assumptions,
expectations and projections about future events.We use words
like “believe,” “will,” “so we can,” “when,” “anticipate,” “intend,”
“estimate,” “expect,” “project” and similar expressions to identify
forward-looking statements, although not all forward-looking statements
contain these words.These forward-looking statements are
necessarily estimates reflecting the best judgment of our senior
management and involve a number of risks and uncertainties that could
cause actual results to differ materially from those suggested by the
forward-looking statements.Investors should consider the
information contained in our filings with the U.S.Securities and
Exchange Commission (the “SEC”), including our Annual Report on Form
10-K for the fiscal year ended 2014 and our Quarterly Report on Form
10-Q for the three months ended March 1, 2015, especially in the
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and “Risk Factors” sections.Other unknown or
unpredictable factors also could have material adverse effects on our
future results, performance or achievements.In light of these
risks, uncertainties, assumptions and factors, the forward-looking
events discussed in this news release may not occur.You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date stated, or if no date is
stated, as of the date of this news release.We are not under any
obligation and do not intend to make publicly available any update or
other revisions to any of the forward-looking statements contained in
this news release to reflect circumstances existing after the date of
this news release or to reflect the occurrence of future events even if
experience or future events make it clear that any expected results
expressed or implied by those forward-looking statements will not be
realized.